Principles of a "Resource Based Economy"

What will a world without money, greed and corruption look like? How will such a world be achieved? The following document outlines very basically all the questions related to creating a society that can provide for all people. Finally many of the most basic questions related to a Resource Based Economy are now answered in this document.

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Comment by joni lynn on December 21, 2011 at 6:54pm

great response, thank you!

Comment by Hiram Crespo on December 21, 2011 at 4:37pm

I recently read the book 'Local Money' about local and community currencies. The idea of complementary currencies arose as part of the Occupy Wall Street movement and the discourse that it brought to the mainstream on economics.

There is emphasis on ecological ideas in the book, which reminded me of the 2012 changes that we are expecting. The authors of the book frequently made references to how having only one currency is like having a monoculture: if the crop goes bad, there is doom. But if you have multiple currencies (local, state and federal, plus timebanks and other social currencies) then people always have a plan b, and maybe even a plan c - it's like having multiple crops, one may go bad but it's unlikely that they all will go bad. Since Occupy is in many ways the prelude to 2012 in our collective awareness, I think the 2012 changes have a lot to do with economic justice, and this application of ecological ideas to economics resonate with what I consider the 2012 changes (there's a lot of talk about the dollar collapsing if the euro does, and of auditing or even abolishing the Fed, in which case a new currency and a new economic order would inevitably emerge).

A system of local, state and federal complementary currencies would be an economic system that revolves around human need instead of humans enslaving themselves and letting their lives revolve around the corporations' need for ever increasing profits, or worse even, the banking cartel's enslavement of humans via the vehicle of debt.

We may even be able to abolish wage slavery, and be able to work 15-20 hours a week for a living wage. Jacques Fresco, who appeared in the film '2012: Time for Change' proposes that this is inevitable since our jobs are being replaced with machines and these jobs will never return. Just as cars & trucks replaced the slavery of oxen and other beasts of burden for labor, new machines should liberate humans from a similar type of exploitation.

If a community creates a local currency, they can lend locally to new businesses, or create student loans with no interest for young people who live in their neighborhoods, and the merchants that accept the currency are encouraged to buy from each other and from local suppliers who can then turn around and reinvest the money locally.

In Berkshire, Massachussetts the berkshares, their local currency, has kept wealth local since the 90's, it's been a huge boon to the local economy. Berkshares aren't meant to replace federal money, that's not practical, but what they have done is give local merchants leverage against large and multinational corporations and preserved their middle class.

Please educate yourselves and others about complementary currencies. I think they, together with the cooperative values that the 'resource based economy' promotes, have the potential to save millions of people who are chronically un- or under-employed or economically marginalized under this corporatocracy-type capitalist regime.

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